Emeren Group (Emeren Group) Cash-to-Debt

: 1.19 (As of Sep. 2023)

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Cash to Debt Ratio measures the financial strength of a company. It is calculated as a company's cash, cash equivalents, and marketable securities divide by its debt. Emeren Group's cash to debt ratio for the quarter that ended in Sep. 2023 was 1.19.

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. Here we can see, Emeren Group could pay off its debt using the cash in hand for the quarter that ended in Sep. 2023.

The historical rank and industry rank for Emeren Group's Cash-to-Debt or its related term are showing as below:

SOL' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.03 Med: 0.12 Max: 4.39
Current: 1.19

During the past 13 years, Emeren Group's highest Cash to Debt Ratio was 4.39. The lowest was 0.03. And the median was 0.12.

SOL's Cash-to-Debt is ranked worse than
58.05% of 994 companies
in the Semiconductors industry
Industry Median: 1.82 vs SOL: 1.19

Emeren Group Cash-to-Debt Historical Data

The historical data trend for Emeren Group's Cash-to-Debt can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Note: An indication of "No Debt" does not necessarily mean that the company has no debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

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Emeren Group Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Cash-to-Debt

0.04

0.20

0.35

4.39

1.52

Emeren Group Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Cash-to-Debt																1.93	1.52	1.11	1.15	1.19

Competitive Comparison

For the Solar subindustry, Emeren Group's Cash-to-Debt, along with its competitors' market caps and Cash-to-Debt data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Emeren Group Cash-to-Debt Distribution

For the Semiconductors industry and Technology sector, Emeren Group's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Emeren Group's Cash-to-Debt falls into.

Emeren Group Cash-to-Debt Calculation

This is the ratio of a company's Cash, Cash Equivalents, Marketable Securities to its debt. The debt includes the Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation. This ratio measures the financial strength of a company. This ratio is updated quarterly.

Emeren Group's Cash to Debt Ratio for the fiscal year that ended in Dec. 2022 is calculated as:

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	107.105	/	(12.213	+	58.336)
	=	1.52

Emeren Group's Cash to Debt Ratio for the quarter that ended in Sep. 2023 is calculated as:

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	69.286	/	(7.055	+	51.045)
	=	1.19

Emeren Group (NYSE:SOL) Cash-to-Debt Explanation

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. If it is smaller than 1, it means the company has more debt than the cash in hands. In this case, it is important to look the the company's Interest Coverage. Ben Graham requires that a company must have an Interest Coverage of at least 5.

Emeren Group Cash-to-Debt Related Terms

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Emeren Group (Emeren Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Emeren Group Ltd (NYSE:SOL) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

SOL:Mexico VQKB:Germany VQKB:Germany

Address

100 First Stamford Place, Suite 302, Stamford, CT, USA, 06902

Website

https://www.emeren.com

Emeren Group Ltd is a leading global solar project developer, owner, and operator with a ~3 GW pipeline of projects and IPP assets across Europe, North America, and Asia. The company focuses on solar power project development, construction management, and project financing services with local professional teams in more than 10 countries.

Executives

Capital Management Shah

director, 10 percent owner

8601 SIX FORKS ROAD, SUITE 630, RALEIGH NC 27615